On 6 Nov 2026, SRF was priced at ₹2,460.40, or 31.9× trailing earnings, against an industry P/E of 14.8×, and the shares are 22% below their 52-week high. Sales grew 1.8% a year over 3 years while net profit fell 5.3%, with ROCE of 14% and ROE of 16%. Debt is 0.35× equity, and its dividend yield is 0.4%. It is a mid-cap company with a market cap of ₹72,928 Cr, the largest of 52 Conglomerates companies by market cap; the shares fell 16% over the past year.
- ₹2,460.20
- ₹2,480.00
- ₹2,444.80
- ₹2,485.00
- 2.1 L
Health check
- ReturnsIn line
−15.5% over a year, better than 3 of 7 peers.
- Price tagPricier
P/E 31.9 vs industry 14.8.
- GrowthSlow
Sales +1.8%, profit −5.3% a year over 3 years.
- ProfitabilityAverage
ROCE 14.5% vs peer median 12.3%.
- Balance sheetSolid
Debt 0.35× equity, interest covered 10.4×, Piotroski 7 of 9.
- Red flags1 to check
P/E of 31.9 against an industry P/E of 14.8.
Mid cap
Market sensitivity
Key metrics
- Market cap
- ₹72,928 Cr
- Mid cap
- P/E
- 31.9
- Industry 14.8
- Price to book
- 4.76
- Peers 5.18
- Dividend yield
- 0.41%
- ROE
- 16.0%
- Peers 11.6%
- ROCE
- 14.5%
- Peers 12.3%
- Debt to equity
- 0.35
- Debt ₹5,375 Cr
- EPS (TTM)
- ₹77.01
- Face value ₹10
- OPM (TTM)
- 24.2%
- Net margin 12.5%
- Sales growth
- +34.7%
- Latest quarter vs a year ago
- Profit growth
- +31.1%
- Latest quarter vs a year ago
- Price to sales
- 3.99
- EV/EBITDA 18.0
Strengths and risks
Strengths
- Quarterly profit up 31.1% on a year ago.
- Quarterly sales up 34.7% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- P/E of 31.9 against an industry P/E of 14.8.
About SRF
SRF Limited manufactures, purchases, and sells technical textiles, chemicals, packaging films, and other polymers. It operates through Technical Textiles Business, Chemicals Business, Performance Films and Foil Business, and Others segments. The company offers polyester and nylon tyre cord, belting, coated, and laminated fabrics; and polyester industrial yarns. It also provides fluorochemicals, such as refrigerant gases, industrial and specialty…
- Headquarters
- Gurugram
- Employees
- 7,686
- Sector
- Industrials
- ISIN
- INE647A01010
- Website
- srf.com
Price range
- Avg volume (3M)
- 2.7 L
- 1-year return
- minus 15.5%
- From 52-week high
- minus 21.7%
Analyst consensus
Next results expected around 20 Jan 2027
Peers · Conglomerates
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SRFSRF | 2,460.40 | minus 0.99% | 72,928 | 31.9 | 21.2 | 14.5% | 24.2% | 0.35 | 1.8% | minus 15.5% |
| TIINDIATube Investments of India | 2,170.00 | minus 5.65% | 42,005 | 62.9 | 16.6 | 12.8% | 9.9% | 0.05 | 15.5% | minus 23.1% |
| GODREJINDGodrej Industries | 955.85 | minus 2.40% | 32,198 | 27.4 | 32.4 | 12.3% | 10.4% | 2.22 | 9.8% | minus 11.6% |
| 3MINDIA3M India | 27,570.00 | minus 5.98% | 31,058 | 57.0 | 29.9 | 47.5% | 18.4% | 0.10 | 8.7% | minus 18.3% |
| THERMAXThermax | 2,746.30 | minus 17.27% | 30,937 | 52.6 | 26.6 | 15.3% | 12.4% | 0.42 | 9.8% | plus 1.5% |
| BEMLBEML | 1,953.20 | minus 1.89% | 16,268 | 28.0 | 55.7 | 5.9% | 7.3% | 0.11 | 3.0% | minus 7.4% |
| NAVANava | 529.15 | minus 0.99% | 14,991 | 19.8 | 7.9 | 11.1% | 38.4% | 0.21 | 6.8% | minus 12.1% |
| DCMSHRIRAMDCM Shriram | 898.60 | minus 1.01% | 13,917 | 10.7 | 9.5 | 11.1% | 10.5% | 0.24 | 5.4% | minus 27.3% |
| Median of 7 peers | – | −2.40% | 30,937 | 28.0 | 26.6 | 12.3% | 10.5% | 0.21 | 8.7% | −12.1% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 3,739 | 3,612 | 4,532 | 4,939 | 4,803 | |
| 2,917 | 2,791 | 3,380 | 3,600 | 3,794 | |
| 821 | 820 | 1,152 | 1,339 | 1,009 | |
| 22.0% | 22.7% | 25.4% | 27.1% | 21.0% | |
| 37.8 | −12.9 | −101 | −68.1 | −38.2 | |
| 79.9 | 65.5 | 62 | 68.6 | 70.9 | |
| 203 | 217 | 220 | 223 | 229 | |
| – | −73.2 | −11.7 | – | – | |
| 576 | 452 | 757 | 979 | 671 | |
| 24.9% | 4.2% | 23.1% | 22.5% | 24.1% | |
| 432 | 433 | 582 | 759 | 509 | |
| 14.58 | 14.60 | 19.63 | 25.60 | 17.18 |
Profit & loss
- Sales CAGR 3Y
- +1.8%
- Profit CAGR 3Y
- −5.3%
- EPS CAGR 3Y
- −5.3%
- ROE
- 16.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 14,592 | 12,910 | 14,358 | 15,416 | |
| – | minus 11.5% | +11.2% | +7.4% | |
| 10,952 | 10,241 | 11,512 | 11,796 | |
| 3,640 | 2,669 | 2,846 | 3,620 | |
| 24.9% | 20.7% | 19.8% | 23.5% | |
| −90 | −53.2 | −84.4 | −162 | |
| 159 | 275 | 347 | 246 | |
| 575 | 673 | 772 | 852 | |
| 8.7 | 24 | 60.3 | −59.4 | |
| 2,824 | 1,692 | 1,704 | 2,302 | |
| 23.4% | 21.1% | 26.6% | 20.3% | |
| 2,162 | 1,336 | 1,251 | 1,835 | |
| – | minus 38.2% | minus 6.4% | +46.7% | |
| 72.95 | 45.06 | 42.20 | 61.91 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 297 | 297 | 297 | 297 | |
| 10,030 | 11,182 | 12,329 | 13,745 | |
| 4,478 | 5,031 | 4,726 | 5,187 | |
| 3,950 | 3,972 | 4,205 | 4,917 | |
| 18,755 | 20,482 | 21,557 | 24,147 | |
| 12,341 | 14,050 | 14,563 | 16,010 | |
| 2,406 | 928 | 956 | 2,191 | |
| 4.2 | 121 | 123 | 124 | |
| 1,104 | 839 | 1,122 | 1,239 | |
| 2,900 | 4,544 | 4,793 | 4,583 | |
| 18,755 | 20,482 | 21,557 | 24,147 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,902 | 2,094 | 2,487 | 2,554 | |
| −2,961 | −2,227 | −1,484 | −1,598 | |
| 220 | −71.7 | −1,071 | −708 | |
| 160 | −205 | −67 | 247 | |
| −2,866 | −2,217 | −1,231 | −1,815 | |
| 36 | −123 | 1,256 | 738 | |
| −213 | −214 | −213 | −266 |
Shareholding pattern
- Promoters50.26%
- Public49.74%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 50.26% | 49.74% | 0.00 | |
| 30 Jun 2026 | 50.26% | 49.73% | 0.00 | |
| 31 Mar 2026 | 50.26% | 49.73% | 0.00 | |
| 31 Dec 2025 | 50.26% | 49.74% | 0.00 | |
| 30 Sep 2025 | 50.26% | 49.74% | – |
Major shareholders
Filings & events
News
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